▲ | int_19h 2 days ago | |||||||
When you hear the words "comparative advantage" in the context of international trade, most of the time it means "dirt cheap labor because of few / poorly enforced labor protections". There's really no reason why we shouldn't have steel mills aside from that. | ||||||||
▲ | mothballed a day ago | parent [-] | |||||||
Can you explain why building more American steel mills would improve labor or even the human condition for the Chinese? It would be great if things were better for the common man there, but them having the comparative advantage at being dirt cheap is not an envious position I would imagine anyone is rationally wanting to change places with, especially if you change that to "me" vs "other guy." What's more likely, as I stated in another comment, is if you destroy their comparative advantage at a tariffed industry, the Chinese guy that had the steel mill as his best option now has to move to the next even shittier one. Tariffs are usually economically worse than zero-sum. | ||||||||
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